An inside look at ex-unicorn Builder.ai's demise, which oversold its AI platform's abilities and frustrated customers with delivery delays and buggy products
In our new feature, we set out to find the truth. X: Varsha Bansal / @varshaabansal : Inside the collapse of London's hottest AI startup https://builder.ai/. This is a story about AI washing with the ...
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024
www.bloomberg.com/news/article... X: Nikhil Patwardhan / @patwardhannn : 🚨🚨 The Dailyhunt, Josh story seems to be unravelling quickly. Another Peak XV startup, among the most funded ones, seems to be ...
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024
www.bloomberg.com/news/article... X: Nikhil Patwardhan / @patwardhannn : 🚨🚨 The Dailyhunt, Josh story seems to be unravelling quickly. Another Peak XV startup, among the most funded ones, seems to be ...
Sources: Builder.ai collapsed after it revised its 2024 revenue estimate from $220M to ~$55M and restated its previously reported 2023 sales from $180M to ~$45M
With the sublime @cynthiao.bsky.social and @alexandraheal.bsky.social [embedded post] Mando / @mrmandolino.itch.io : All of this is following the exact same arc that the crypto\NFT bubble did — Like...
Sources: Builder.ai collapsed after it revised its 2024 revenue estimate from $220M to ~$55M and restated its previously reported 2023 sales from $180M to ~$45M
Failed UK start-up revised down revenues to just a quarter of prior estimates — Microsoft-backed Builder.ai collapsed …
UK tech unicorn Builder.ai, backed by Microsoft, Qatar, and others, says it is entering insolvency proceedings due to financial and past leadership “problems”
Once high-flying group founded by Sachin Dev Duggal says its was unable to recover from ‘past decisions’
Filings review: Builder.ai, which raised $450M from Microsoft and others, used an auditor with links to founder Sachin Duggal; Duggal resigned as CEO last month
Financial Times :
Filings review: Builder.ai, which raised $450M from Microsoft and others, used an auditor with links to founder Sachin Duggal; Duggal resigned as CEO last month
Findings related to one of UK's best-funded tech start-ups raises alarm with corporate governance experts
Builder.ai CEO Sachin Dev Duggal steps down, replaced by Jungle Ventures' Manpreet Ratia; Builder.ai has raised $450M to use AI to develop apps and websites
FT previously reported that Sachin Dev Duggal had been named in criminal probe and faced complaints about company culture
A profile of Sachin Dev Duggal, the CEO of Builder.ai, which offers low-code tools and has raised ~$450M, as sources describe staff retention problems and more
Financial Times : X: @muradahmed X: Murad Ahmed / @muradahmed : Sachin Duggal's https://builder.ai/ is one of the UK's best funded tech unicorns, backed by Microsoft, Qatar and SoftBank. This @FT inv...